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South Korea’s listed company K Wave Media fully sold off all 88 BTC holdings and exited the ranks of Bitcoin treasur y firms.

MarsBitNews
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Mars Finance news: On July 2, according to BitcoinTreasuries, the South Korean listed company K Wave Media (KWM) has sold all of its remaining 88 BTC to repay a $6 million debt. After the sale was completed, K Wave Media’s current Bitcoin holdings fell to 0 BTC, and it exited the ranks of Bitcoin treasury companies. K Wave Media had previously announced last year that its Bitcoin treasury financing capacity reached $1 billion, and said its goal was to expand its holdings to 10,000 BTC as soon as possible. But this May, the company redirected up to $485 million of its remaining financing capacity from Bitcoin treasuries to AI infrastructure, including data centers, GPU computing power, and related acquisitions.
BTC3.55%
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